Let's Do Some Inflation Math

Real Vision: Finance & Investing

Real Vision

Investing, Business News, News, Business

4.1 • 1.1K Ratings

🗓️ 16 July 2022

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jared Dillian tweeted it out: “It would take 8 months of 0.0% CPI readings to get CPI back to 5%.” And that was before the Commerce Department reported retail sales grew by a greater-than-expected 1% in June. President Joe Biden is in Saudi Arabia working on one angle of the inflation crisis, as investors re-priced the possibility of a 100-basis-point move when the Federal Open Market Committee meets later this month. Here’s something else Jared tweeted, yesterday: “Starting to think we put in bottoms in oil, gold, and stocks, and a top in the dollar at 10 am this morning.” The editor of The Daily Dirtnap joins Real Vision’s Ash Bennington to talk about those “bottoms” and how inflation and the Fed’s response to it is affecting the economy, markets, and expectations. We also hear from Anas Alhajji about short-term factors weighing on crude oil prices. Watch the full interview with Tony Greer and Anas Alhajji here: https://rvtv.io/3z9Rbvk. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:42.4	Enjoy the show.
0:53.0	Welcome to the real vision daily briefing.
0:54.6	It's Friday, July 15, 2022.
0:57.5	I'm Ash Bennington.
0:58.5	Join today by Jared Dillion, editor of the Daily Dirtnap.
1:02.6	Always a great conversation when Jared is with us on a Friday afternoon, but first closing
1:07.2	numbers on the day, U.S. equities, well, the good news here is we broke the losing streak
1:11.9	that spanned five sessions, NASDAQ composite up one spot, eight percent on the day, S&P
1:17.8	500 up, almost two percent, one spot, nine, one, Dow Jones industrial average up over two
1:22.3	percent on the day.
1:24.3	With that said, let's bring in Jared Dillion.
	...

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